Business Setup In International Media Production Zone (IMPZ)

IMPZ Free Zone – Eligibility, Requirements, Setup & License Cost

INTRODUCTION

Dubai Production City or International Media Production Zone (IMPZ) was established in 2003 for the purpose of advancing the production industry of the country. Nowadays, business setup in International Media Production Zone Dubai has risen making the zone a hub for global and local publishing, printing, and packaging industries.

It houses professional companies that come from around the world. It gives business, retail, and residential lifestyle to the businessmen situated in its location. Before a businessman decides to form a company in this Dubai free zone authority, they should know the legal forms allowed: Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign/UAE Company, and Freelancer permit. The latter gives the investor the opportunity to be a sole proprietor and conduct business using his last name.

Business setup in IMPZ, like any other UAE free zones, follows their own step-by-step process that is expected to be followed by businessmen to ensure proper business setup in Dubai. It is not advisable to take business setup company in Dubai lightly because it is no easy task, so reaching business setup consultants in Dubai is important. Most business setup in Dubai free zones were done through the help of these people. This is why it is not a surprise that business setup in International Media Production Zone Dubai has been being known because of following the required steps to be followed in business formation in Dubai in IMPZ.

The business consultants in Dubai have been playing a big role in Dubai freezone companies. This is because they are the people who have information that investors need in order to be sure in going forward with their decision to have a business setup in UAE free zones. Knowing the details Dubai free zone company registration fees and Dubai free zone license cost can help in budget planning and ensuring that the amount is prepared before starting a business. Moreover, for a more detailed plan, the right information on Dubai freezone company setup cost can be obtained from these people as well.

Company formation consultants in Dubai are not around to simply answer your questions about how to open a company in Dubai free zone or ask your inquiry with regard to Dubai free zone company registration. They can even provide you all you need to know about the documents required for trade license renewal in Dubai because you will surely need it in the future. Of course, the ultimate purpose of having a consultant is having people to handle your Dubai free zone company registration for you to avoid the hassle and simply wait for the day that you can finally begin with your venture.

If you have chosen the right people to take care of your free zone company setup, you can be sure to start smoothly and quickly.

BENEFITS

Businessmen have commonly relied on business setup in Dubai free zones as a common way to invest. In the case of investors who are into production, they have chosen the right zone. This location has the requirements that the companies in these industries demand.

Besides that, IMPZ offers Dubai Free Zone benefits to business owners. There are a lot of reasons why Dubai freezone companies established in this place have been enjoying their stay:

100% foreign ownership

The UAE mainlands require businessmen to have a local sponsor, who will get 51% of the shares of the company that will be established, before going forward to forming a company. However, freezone company formation means that a local sponsor is not needed and the owner can have 100% ownership of the business.

Location

Situated on the Emirates Road, in close proximity to the Jebel Ali port and the recently announced Jebel Ali Airport City, IMPZ’s ideal location will considerably ease imports, exports and logistics operations. The new airport, when completed, will have a handling capacity of about 120 million passengers annually along with 12 million tonnes of cargo.

Tax exemption

The value-added tax (VAT) has been implemented in the UAE at the start of the year. Since then, VAT has been applied on some goods and services. People have perceived it as quite negative because it adds to the burden, but it should be noted that the government has not mandated for income and corporate taxes to be paid. This is an advantage for investors who are looking for a place wherein this kind of tax exemption exists.

The IMPZ offers a lot of benefits for its future clients. Adding to the ones stated above, more advantages are listed below:

100% repatriation of capital/profits

No currency restrictions

Low-cost operations

Excellent infrastructure

Excellent support services

Simplified incorporation process

Hassle-free company laws and legal framework

24-hour visa services

Quick access to knowledge workers due to fast-track immigration process

BUSINESS ACTIVITIES

Before choosing which location, one should setup a business in, business activities that are allowed in business setup places should be checked. The list below shows the allowed business activities in IMPZ:

Marketing

Import and exporting

Support services

Digital and newspaper printing

Commercial and industrial printing

Online publishing and electronic content

SUPPORT SERVICE

FAR Consulting Middle East is one of the leading consulting companies in Dubai that deal with corporate business services Dubai. We assist people who have questions on how to open a business in Dubai.

We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:

Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)

Representing the client in front of the authorities

Assisting the client in bank account opening

Assisting the client in account opening with the Ministry of Labour

Assisting the client in account opening with the UAE immigration

Assisting the client in leasing a premise as an address for the business

TIMELINE/PROCEDURE

After your application is approved, the authority will issue an initial approval for your business. The next steps that will be taken are as follows:

Choose a ready-fitted office space from (IMPZ) selection that’s the most appropriate size and layout for your business requirements

Or decide whether you’ll require IMPZ-regulated contractors for fit-out service for your office or if you’ll be doing that independently

Then, once the office is finalized, the following steps will be taken:

Lease agreement will be prepared

Office keys can be collected

After that, we will start the preparation of the legal documents.

The procedure of processing your business setup in International Media Production Zone Dubai will range from 2 to 4 weeks

REQUIREMENTS

Documents Required for Business Setup in Dubai Production City Free Zone

No objection letter by the current sponsor, for the manager (if a resident of UAE and a UAE employment visa-holder)

Initial approval(s) from the third authority(s) in case your business activities required such approvals, e.g., media, IT, pharmaceutical

Business plan (we offer business-plan-writing services)

A legal representative (negotiator)

Additional Documents Required for a Corporate Shareholder and for Branch

Attested and notarized Memorandum of Association/Article of Association—it must be attested from the UAE Embassy at the place of origin.

Board resolution to be resolute by the board of directors of your existing company/entity at the place of origin, expressing the intent of establishing a new setup abroad—it must be attested and notarized by the UAE Embassy (template will be forwarded by our firm).

Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation of your existing company/entity attested and notarized by the UAE Embassy

FEES

Dubai International Media Production Zone Company Registration Cost:

The below table shows the estimated cost of business setup in IMPZ, which also includes the Dubai free zone license cost. If need be, you can contact us for further clarification and information.

Dubai Free Zone Company Formation Cost – DKP Table of Estimated Government Cost and Professional Fees

Trade License Option/Activity

Cost in USD

Cost in AED

Industrial License

USD 2,570

AED 9,375

Commercial License

Specific Trading

USD 2,570

AED 9,375

Oil & Gas

USD 3,425

AED 12,500

Real Estate

USD 5,135

AED 18,750

Aviation

USD 5,135

AED 18,750

General Trading License

USD 5,135

AED 18,750

Service License

Specific Services

USD 2,570

AED 9,375

Oil & Gas

USD 3,425

AED 12,500

Freight Forwarding

USD 2,910

AED 10,625

Real Estate

USD 5,135

AED 18,750

Aviation

USD 5,135

AED 18,750

Our Firm’s Professional Fees

USD 5,000

AED 18,365

ATTENTION – NOTE

All fees for government and related authorities are estimation only. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.

RELATED SERVICES

Besides our job of helping you with your company setup in Dubai, we have more services that we can offer to help you to start your company: